Loan payday loan via FacebookOn July 31, 2019 by Debra Villegas
The verification of the applicant through his Facebook profile seems to be both a fast and reliable way to confirm the data. We spend more and more time on the Internet willingly sharing information about ourselves, e.g. on social networking profiles. More and more people make online purchases, boast of a new place of work or residence, look at the profiles of their favorite brands, in a word – they leave information that can be useful to the institution to which we will apply for a loan when verifying the data declared by us.
In practice, after completing the application in some companies granting loans, e.g. Eicredit, we may be asked to temporarily access the account on the social network, thanks to which before granting the payday loan, this institution will check, among others, whether our professional situation complies with declared and will allow us to repay the money borrowed on time. Not only such information is important – the algorithm instantly checks our activity on Facebook – friends, statuses, groups we belong to, liked pages, even GPS location, and soon also activity on Allegro auction sites – and on this basis decides to grant loan.
Everything leaves a trail
It may seem that this information has nothing to do with our financial behavior – nothing could be more wrong. What we do online gives us more information than we think – one of the US online customer testing companies has found that there is a relationship between loans paid back and whether you use uppercase or lowercase letters, or choose only one their kind.
Watch what you watch
According to experts, the idea of banking and financial institutions to search for information on the web is forward-looking – it not only enables quick and comprehensive verification, but also protects against fraudsters who might want to use our data to get a loan. At the same time, the fact that we do not have an account on our class or Facebook does not automatically disqualify us, but it is worth remembering that if we have a loan planned, it is worth building your trustworthy profile not only in BIK, but also on the Internet.